Olojeme, who was Chairman of the
Nigeria Social Insurance Trust Fund from 2009 to 2015, was accused of cornering
$48,485,127 from the NSITF.

The accused and some directors in
the company allegedly siphoned billions of naira, including funds meant for the
payment of allowances of its staff as well as compensation to contributors.

It was learnt that several
directors and contractors were invited to explain their own side of the story,
many of whom had since returned funds to the EFCC.

An EFCC report, made available to
newsmen alleged that the funds were said to have been traced to the accounts of
some consultants and contractors, who were believed to be fronts for Olojeme
and other directors in the NSITF.

The anti-graft agency report
said, “It was discovered that the NSITF accounts in First Bank of Nigeria and
other banks have witnessed a total turnover of over N62,358,401,927 between
2012 and 2015 from the Employee Compensation Scheme contributions.

“That out of the N62bn, the
Federal Government contributed N13,600,000,000 while the sum of
N48,758,401,927.80 was contributed by the private sector. That there were
several payments to individuals and companies from the NSITF bank accounts for
purported contracts or consultancy services.

“That some individuals and
companies that received these payments, in turn, transferred part of the monies
directly to the NSITF officials while others transferred huge sums to bureau de
change operators who changed them to dollars.”

The report added that Olojeme
sent her account officer at FBN to collect $48m from some NSITF contractors
through a BDC operator.

It stated, “That through this
process, Dr. Ngozi Olojeme, the then NSITF board chairman, has collected a
total sum of $48,485,127 from Mr. Chuka Eze (her account officer at FBN), which
cash he collected on her behalf being the dollar equivalent of monies paid to
BDCs by NSITF contractors.

“That she has refused to honour
invitation and all efforts to get her to come and tell her own side of the
story have proved abortive hence her arrest warrant has been obtained from
court.

“We ask for the EFCC chairman’s approval
to declare the suspect wanted.”

The spokesman for the EFCC, Mr.
Wilson Uwujaren, said Olojeme had been declared wanted.

He urged members of the public to
offer information that could lead to her arrest.

“Yes, she has been declared wanted. Members of
the public are advised to give us information that would lead to her arrest,”
he said.